Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.

Today we're doing another Equity Shot, a short topic-centered episode where we assemble the troops to dive into one particular thing. Or, in this case, two particular things.

Matthew Lynley, myself, and Katie Roof gathered to pick over Snap and Twitter's respective earnings reports. They each managed to best expectations, leading to sharp rises in their respective share prices.

Speaking of everyone's favorite blue bird, Twitter also managed to beat expectations with better-than-anticipated revenue and actual, real, not-adjusted profit in the quarter. Shares of Jack's social shop were up a comfortable 12 percent when we cut the episode.